Camden Property Trust (CPT): Hedge Fund and Insider Sentiment Unchanged, What Should You Do?

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Now, according to many market players, hedge funds are viewed as useless, outdated financial vehicles of an era lost to time. Although there are In excess of 8,000 hedge funds with their doors open currently, this site focuses on the aristocrats of this club, around 525 funds. Analysts calculate that this group has its hands on the majority of the smart money’s total capital, and by tracking their highest quality stock picks, we’ve revealed a few investment strategies that have historically beaten the broader indices. Our small-cap hedge fund strategy outperformed the S&P 500 index by 18 percentage points annually for a decade in our back tests, and since we’ve started sharing our picks with our subscribers at the end of August 2012, we have beaten the S&P 500 index by 33 percentage points in 11 months (find a sample of our picks).

Just as key, bullish insider trading sentiment is another way to analyze the financial markets. There are plenty of motivations for a bullish insider to sell shares of his or her company, but just one, very simple reason why they would initiate a purchase. Various empirical studies have demonstrated the useful potential of this strategy if “monkeys” understand what to do (learn more here).

Furthermore, let’s analyze the latest info about Camden Property Trust (NYSE:CPT).

What have hedge funds been doing with Camden Property Trust (NYSE:CPT)?

At the end of the second quarter, a total of 11 of the hedge funds we track were bullish in this stock, a change of 0% from the first quarter. With hedge funds’ sentiment swirling, there exists a few noteworthy hedge fund managers who were upping their stakes substantially.

Camden Property TrustAccording to our 13F database, AEW Capital Management, managed by Jeffrey Furber, holds the biggest position in Camden Property Trust (NYSE:CPT). AEW Capital Management has a $62.7 million position in the stock, comprising 1.6% of its 13F portfolio. The second largest stake is held by John Overdeck and David Siegel of Two Sigma Advisors, with a $22.5 million position; 0.3% of its 13F portfolio is allocated to the stock. Other peers that hold long positions include Ken Gray and Steve Walsh’s Bryn Mawr Capital, Cliff Asness’s AQR Capital Management and Israel Englander’s Millennium Management.

Because Camden Property Trust (NYSE:CPT) has faced a fall in interest from the top-tier hedge fund industry, we can see that there is a sect of funds that slashed their positions entirely heading into Q2. Intriguingly, Ken Heebner’s Capital Growth Management sold off the largest position of the “upper crust” of funds we watch, totaling close to $88.6 million in stock. Dmitry Balyasny’s fund, Balyasny Asset Management, also said goodbye to its stock, about $6.7 million worth. These bearish behaviors are interesting, as total hedge fund interest stayed the same (this is a bearish signal in our experience).

What do corporate executives and insiders think about Camden Property Trust (NYSE:CPT)?

Bullish insider trading is most useful when the company in focus has experienced transactions within the past six months. Over the last six-month time frame, Camden Property Trust (NYSE:CPT) has seen zero unique insiders buying, and zero insider sales (see the details of insider trades here).

We’ll also review the relationship between both of these indicators in other stocks similar to Camden Property Trust (NYSE:CPT). These stocks are Two Harbors Investment Corp (NYSE:TWO), American Campus Communities, Inc. (NYSE:ACC), Senior Housing Properties Trust (NYSE:SNH), UDR, Inc. (NYSE:UDR), and Essex Property Trust Inc (NYSE:ESS). This group of stocks are in the reit – residential industry and their market caps are similar to CPT’s market cap.

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